Welcome to 256 Banner Lane in the heart of King City- Don't miss this exceptional opportunity to own a rare premium lot, just over half an acre, located in a transitioning estate neighbourhood and surrounded by multi-million dollar homes. Build your custom dream home or enjoy this cozy residence which has been beautifully renovated and boasts a stunning kitchen equipped with stainless steel built in appliances, a grand island with Calcutta marble counters, crown mouldings, 5" engineered hardwood, 8" trim, frameless glass shower with double vanity & quartz countertop and a finished basement with expansive recreation space, laundry & two dressing rooms. Ideally located near the King City GO Station, 30 mins to Pearson and GTA, Top Tier Private Schools Parks, and major highways. Walk to Restaurants and amenities. Move in, renovate, or build your dream estate. This is a rare offering with exceptional future potential.
2 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $1,817 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 256 Banner Lane
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
8 spacesYes garage
Basement
Finished, Walk-Up
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
Finished · Walk-Up
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
256 Banner Lane Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14107526$1,999,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 256 Banner Lane Compares to the King Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$9,820
/mo
based on the purchase price of $1,999,000
$399,800 cash
$1,599,200 financed
$1,346,946 total interest
Principal54%$1,599,200
Interest46%$1,346,946
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in King
Other 3–5 bed homes for sale in King around $2.0M.
Average days on market53Homes sold in about 53 days on average.
Sale-to-list ratio94.2%On average, homes sold below asking.
Active listings300Homes for sale here right now.
Median vs prior 90 days+5.4%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 110 sales from Jul 24 – Oct 22, 2026 (59 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
256 Banner Lane is listed at $1,999,000 (MLS® N14107526). Summitly updates the price as soon as the MLS® record changes.
Is $1,999,000 a good price for 256 Banner Lane?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in King. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 256 Banner Lane changed?
No — 256 Banner Lane is still listed at its original asking price of $1,999,000.
How many bedrooms and bathrooms does 256 Banner Lane have?
256 Banner Lane has 2 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in King.
Is 256 Banner Lane close to transit?
The nearest rapid-transit station is King City GO Station (Barrie GO), about 750 m (about a 9-minute walk) in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 256 Banner Lane?
About $9,820 a month — principal and interest on $1,999,000 with 20% down ($399,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 256 Banner Lane compare with other homes in King?
Its asking price of $1,999,000 is about 11% above the median sold price in King over the last 90 days, $1,803,000, across 110 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 256 Banner Lane been sold before?
Summitly has no earlier MLS® sale or lease of 256 Banner Lane on record from the last two years. Older records aren't shown under TRREB rules.
Where is 256 Banner Lane?
256 Banner Lane is in King, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 256 Banner Lane been on the market?
256 Banner Lane was listed today (October 22, 2026).
What is the price per square foot of 256 Banner Lane?
About $1,333 to $1,817 per square foot: the asking price of $1,999,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 256 Banner Lane have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
